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Questions and Answers
What is a key advantage of a cooperative organization?
What is a key advantage of a cooperative organization?
- High government interference
- Limited liability
- Easy to form (correct)
- Lack of motivation
What is a characteristic feature of a Government company?
What is a characteristic feature of a Government company?
- No accountability to the Parliament/State Legislature
- Separate Legal Entity not established
- Majority capital provided by private concerns/individuals (correct)
- Executive Decision of Government not required
What is a disadvantage of a cooperative organization?
What is a disadvantage of a cooperative organization?
- Surplus shared by the members
- Cash trading (correct)
- Lack of secrecy
- Easy to form
What defines a Government company?
What defines a Government company?
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What is a characteristic of sole proprietorship?
What is a characteristic of sole proprietorship?
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What is a disadvantage of sole proprietorship?
What is a disadvantage of sole proprietorship?
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What is a characteristic of a partnership?
What is a characteristic of a partnership?
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What is a disadvantage of a partnership?
What is a disadvantage of a partnership?
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What is the main difference between public limited companies and private limited companies?
What is the main difference between public limited companies and private limited companies?
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What advantage is unique to public limited companies compared to private limited companies?
What advantage is unique to public limited companies compared to private limited companies?
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Which disadvantage is specific to private limited companies as mentioned in the text?
Which disadvantage is specific to private limited companies as mentioned in the text?
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What is a common disadvantage shared by both public and private limited companies as mentioned in the text?
What is a common disadvantage shared by both public and private limited companies as mentioned in the text?
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